EU Law of Economic & Monetary Union

by Fabian Amtenbrink, Christoph Herrmann

Overview

Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union.

The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.

Product Details

ISBN-13:	9780198793748
Publisher:	Oxford University Press
Publication date:	07/21/2020
Pages:	1648
Product dimensions:	9.80(w) x 7.00(h) x 2.20(d)

About the Author

Fabian Amtenbrink is Vice Dean and Professor of European Union Law at the Erasmus School of Law, Erasmus University Rotterdam.

Christoph Herrmann is Professor at the University of Passau and Academic Director of the Certificate of European, Comparative and International Law (CECIL) at Passau.

Table of Contents

1. Introduction, Fabian Amtenbrink and Christoph HerrmannPart I Interdisciplinary Foundations2. History of an Uncomplete EMU, Emmanuel Mourlon-Druol3. Economics of European Monetary Integration, Donato Masciandaro and Davide Romelli4. Politics of European Monetary Integration, Erik JonesPart II International Legal Framework5. The International Dimension of the EMU: the Interplay Between the Global Financial Stability Architecture and the European Union, Ramses Wessel and Shawn Donnelly6. External Relations of the EU and Eurogroup, Marise Cremona and Paivi Leino-Sandberg7. International Agreements of the EU/Euro Area, Marise Cremona and Paivi Leino-SandbergPart III Constitutional Foundations8. The Architecture of EMU, Cornelia Manger-Nestler9. Objective and Principles, Dariusz Adamski10. Substantive Legal Obligations for Euro area Member States, Charles Proctor11. EMU as Constitutional Law, Bruno de Witte12. Non-EU Legal Instruments, Francesco Martucci13. EMU and the EU Social Dimension, Francesco CostamagnaPart IV Institutions and Bodies14. ECB, Michael Ioannidis15. ESCB/Eurosystem/National Central Banks, Julian Langner16. EU Institutions Representing Member States' Governments, Alberto de Gregorio Merino and Eurgenia Dumutriu17. European Parliament and National Parliaments, René Repasi18. European Commission, Kees van Duin19. European Monetary Union and the Courts, Daniel Sermiento and Moritz Hartmann20. The Institutional Design of Financial Supervision and Financial Stability, Jennifer PaynePart V Monetary Union21. Euro as Legal Tender and Banknotes, Robert Freitag22. Monetary Policy, Klaus Tuori23. Foreign-exchange Operations of the ECB and Exchange-Rate Policy, Alexander Thiele24. Payment Systems, Phoebus Athanassiou25. ERM II, Ulla Neergaard26. Prudentional Supervisory Tasks, Rosa Lastra and Georgios PsaroudakisVI Economic Union27. Economic Policy Coordination: Foundations, Structures and Objectives, Jean-Paul Keppene28. Economic Fiscal Governance on the Member States: The Stability and Growth Pact and Beyond, Jean-Paul Keppene29. Non-fiscal Surveillance of the Member States, Leo Flynn30. Policy Conditionality Attached to ESM Financial Assistance, Ulrich Forsthoff and Nathalie LauerPart VII Financial Assistance31. IMF, Wolfgang Bergthaler and Katherine Chistopherson32. EU Financial Assistance, Vestert Borger33. Euro Area, Ulrich Forsthoff and Jasper Aerts34. Financial Assistance for Non-Euro Area Member States, Alexander ThielePart VIII Financial Markets and Banking Union35. Financial Market Integration and EMU, Kern Alexander36. Financial Market Regulation in the Internal Market, Kern Alexander37. Banking Supervision, Christoph Ohler38. Banking Resolution: The EU Framework Governing the Resolution of Credit Institutions, Christos V Gortsos39. State Aid for Financial Institutions, Till Müller-IboldPart IX Crisis and Future of EMU40. Euro in Crisis: 2008 - 18, Christos Hadjiemmanuil41. Legality of Crisis Responses, Alicia Hinarejos42. EMU Reform, Paul Craig and Menelaos Markakis

Editorial Reviews

"Forty-one papers provide a systematic, comprehensive, and contextual study of the legal framework pertaining to the European Monetary Union (EMU), highlighting Title VIII of the Treaty on the Functioning of the European Union (TFEU)." — Journal of Economic Literature. Vol. 59, No. 2

"In sum, the book The EU Law of Economic and Monetary Union" compiles an impressive collection of expertise on the EMU and, where appropriate, also beyond (EU) law." — Isabel Staudinger, ZöR - Austrian Journal of Public Law

"[A] very detailed and comprehensive collection, which spans from constitutional discussions on the EMU to more technical chapters on banking supervision and regulation... It will clearly allow those interested in understanding the theoretical framework, foundations and rules of the EMU to have a detailed academic view on these topics ... Overall, the book under review is a great collection on this developing area of EU law which shows that the editors have spent a lot of time to create an encyclopedic account on EMU law." — Gianni Lo Schiavo, European Central Bank, Journal of International Banking Law and Regulation

From the Publisher